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Month: December 2022

Posted on 06/12/2022

Is the Singapore property market due for a correction?

About the session Singapore’s property market remains remarkably upbeat in 2022. But with rising interest rates and new rounds of cooling measures, are prices due to soften in t ... ( read original story ...)

Posted on 06/12/2022

Local telcos to enjoy more growth in 2023; Simba likely to be acquired: DBS

Analyst Sachin Mittal says recovery in roaming and prepaid revenue is expected to lead to an over 6% y-o-y rise in 2023.

Posted on 06/12/2022

DBS positive on ST Engineering’s growth prospects despite interest rate and recession risks

With rates rising, ST Engineering is raising its proportion of fixed-rate debt to about 65% to 70% from the current level of 54%. This will be done by terming $700 million to $1 billion worth of ...

Posted on 06/12/2022

Crypto Assets Enter the PPSK Bill. What are the Implications and Influences for Industry’s Stability?

The PPSK Bill is designed in the Omnibus Law concept which integrates around 16 laws in the financial sector. Crypto assets are proposed to be one of the sectors included in the PPSK Bill as part of ...

Posted on 06/12/2022

Singapore calls for proposals to develop zero-carbon ammonia bunkering

Port Authority of Singapore says the move will support the development of the safety standards, regulations and the ecosystem needed ...

Posted on 06/12/2022

Lawrence Wong is Yahoo readers’ most-searched male Singapore celebrity, again

Who were the Singapore celebrities Yahoo Singapore readers were searching for in 2022? Here were the top names we found.

Posted on 06/12/2022

Stock Market LIVE Updates: Sensex sheds 300 points, Nifty nears 18,600; TCNS Clothing jumps 5%, PNC Infra falls 3%

Aditya Birla Fashion is now the frontrunner to acquire TCNS Clothing Co, owner of the listed women's branded apparel retailer that owns brands such as W, Elleven and Aurelia, pulling ahead of Nykaa in ...

Posted on 06/12/2022

Billionaire Kwek Leng Beng’s CDL Halts Plan To List U.K. Properties In Singapore Amid Challenging Market

City Developments—controlled by billionaire Kwek Leng Beng—has deferred plans to list its commercial properties in the U.K. on the Singapore Exchange amid heightened market volatility and ...

Posted on 06/12/2022

Biotech startup Mirxes weighs US$300m Singapore IPO

MIRXES, a Singapore-based biotechnology startup, is weighing an initial public offering (IPO) in the city-state next year that could raise about US$300 million, according to people with knowledge of ...

Posted on 06/12/2022

LMS Compliance makes Catalist debut at S$0.265; 1.9% above IPO price

TESTING and certification services provider LMS Compliance began trading on the Catalist board of the Singapore Exchange on Thursday (Dec 1) at S$0.265, about 1.9 per cent or S$0.005 above its initial ...

Posted on 06/12/2022

Singapore Marina Bay Mixed-Use Site May Attract Bids Above $800 Million Amid Housing Boom

The Urban Redevelopment Authority (URA) will auction a prime waterfront residential and commercial site on the edge of Singapore’s Marina Bay financial district amid surging property demand in the ...

Posted on 06/12/2022

Singapore economy to grow ‘markedly slower’ in 2023: report

UOB forecasts a 0.7% GDP growth rate. Singapore’s economy will expand “markedly slower” in 2023, the UOB Group projected due to external economic conditions that could hit the manufacturing and ...

Posted on 06/12/2022

China can’t take a ‘one-size-fits-all’ approach to Covid, Singapore’s foreign minister says

Vivian Balakrishnan, Singapore's foreign minister, says he expects to see a more "variegated response" to Covid from China.

Posted on 06/12/2022

COCO CRINGE: Singapore minister puts out anti-scam advisory through TikTok dance

Tell (others about scams) against SCAMS!” the caption, which spells out the acronym “ACT,” read. Sun was seen doing some sort of elbow dance with a couple of finger bangs while captions tell viewers ...

Posted on 06/12/2022

CGS-CIMB downgrades Singapore banking sector to “neutral”

Nonetheless, the analysts believe that with banks dishing dividends at yields of between 4 to 5%, the sector is well supported.

Posted on 06/12/2022

Indian-origin man jailed, fined for multiple frauds in Singapore

An Indian-origin man and former CFO of Singapore-based technology company was given 11 months' jail and fined SGD 20,000 for falsifying accounts, forgery, and not disclosing interested party ...

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